A Decision

As you know, I've been saving like mad. I want to move. There are no opportunities here. The job market is terrible. I don't have skills or experience to land a dream job elsewhere and the job market is pretty much dreadful everywhere. However, there are areas hiring more often for service type jobs in which I do have experience.

I was planning to move this spring. It may not happen as soon as I thought because we have made other changes. These changes that popped up are quite pleasant indeed. I love spending time with my eldest daughter and grandbaby. We were missing out on a lot being several states away. We were missing out on his spontaneous dancing whenever there is music, his extreme love of blueberries (just hand over the blueberries and nobody gets hurt), and his love/tease relationship with the dog. I'm glad I was still here and able to help my kids when they needed it. I have no regrets.

Here's the decision. I have the emergency fund, and I have my remaining debt. I could cancel my debt in one fell swoop and still have a little bit left over. I could put away much more in savings over the next few months being debt free and build up the savings again and not have to pay any more in interest. I just won't have my instant escape fund if anything pops up, I will be stuck here. We have jobs, we have shelter, we have family. Everything is good, so why am I worried?

I've been able to create this cushion at the same time as paying way more than the minimum amount due on my bills. My husband and I have done this together each with a part time job making little more than minimum wage. It is something to be proud of. I am proud. I also know that I can build up my savings again. I have skills now, so why am I worried over this? I could be done with this and call myself debt free right now. DEBT FREE!

I think what worries me about reducing my savings is that I won't have it there just in case. Just having it sit there gives me imaginary options. If I wanted to I could pay my bills ahead of time and take a month long camping trip through several states. Without the savings I would have to go into more debt for a week long vacation.

I also realize my debt free status could very well be short term because realistically I may have to use credit at some point in the future, although I will consider all other options first. On the other hand I may be able to avoid the credit monster completely.

So here's where I need the help guys. I'm taking this weekend to consider it, and on Tuesday I'm either going to transfer a large chunk of savings to checking and pay off everything and breathe a little easier, or I'm going to keep plugging away as usual and give the credit company even more interest but have a larger emergency fund available just in case.

I'll be honest, I'm leaning sixty percent in favor of being done with it and just forty percent in favor of how I've been doing it. I know I can build it back up, even sooner without the debt payments. I just need some positive energy and comments, lots and lots of comments. Please chime in and tell me what you would do. I know it is my husbands and my decision, I just don't want to rush into it without considering every angle. Give me your thoughts, please really, the dog is sick of me talking it over with her and she doesn't have an opinion one way or the other.

Trudging Through the Recession

I read somewhere that the recession has not affected those who were already poor as they are carrying on as usual. The ones who are truly affected are the newly poor. Those who have been laid off and haven't found new employment or those who have used all of their savings or retirement are the ones who are affected the most. I agree that it must be a new experience for people in that situation. I can sympathise with those dealing with poverty for the first time. What I disagree with is the idea that this has not affected the already poor. I can tell you we are worse off than before.

The main way this has affected us is with jobs. A few short years ago jobs were more plentiful. You could leave one low wage position and be in another within a week or two. Individuals are hanging on to even the worst of jobs at this time. Sure some people quit, due to their addictions or problems, but most workers are staying put until a definite replacement job is in their grasp.

I have also noticed that many managers, at least in my area, are reluctant to fire at this time. They are aware that unemployment benefits may be paid out for quite some time. They also know that there aren't many other places to find employment. They are more willing to work with the staff they have and retrain people or even transfer them to other locations instead of firing.

Some businesses seem to be using the recession as an excuse to take advantage of their work force. Benefits are being slashed, raises denied, unsafe working conditions ignored. When you were treated like this a few years ago you could just go pick another job but now many are stuck dealing with it.

My husband is one of those dealing with it until something somewhere opens up. He is working on his third year with no raise. He has been told that he would get one after a sales goal was met and then he was told to wait a month, then he was told all raises were held because of the recession. When hired he was making above minimum wage. When our state had the minimum increased all the workers were dropped to minimum wage. He worked for the same company, different owner, years ago. He used to get a raise every three months and a holiday bonus. Now he gets minimum wage and the run around.

I just wanted to say that the economy has affected the working poor by taking away our choices. There are fewer jobs and more people applying for whatever does open up. We may have always been poor and already had the skills to survive but it is harder now.